Ahmet Alphan SabancıMay 30, 2023

It's day two after #TurkeyElection and Turkish Lira loses its value like crazy. Same goes for other important currencies like Euro and GBP as well. And I don't think there's nothing that can stop this fall, at least not in the short or mid-term.

https://www.ft.com/content/246951b4-1bcd-4144-a9c9-33f9f6c3e107?emailId=b34a2f0a-f534-4ec4-9648-432317667704&segmentId=22011ee7-896a-8c4c-22a0-7603348b7f22

Turkey’s lira weakens as economists warn of Erdoğan’s ‘unsustainable’ policies

Re-elected president insists interest rates should stay low despite inflation running at over 40%

Financial Times
Show threadAhmet Alphan Sabancı
Another really good graph about Turkey. This is a much better explainer to the #TurkeyElection results than the generic two-color maps. https://www.ft.com/content/1b75ed7b-2b89-4b91-bf99-db3ea38872ef?desktop=true&segmentId=7c8f09b9-9b61-4fbb-9430-9208a9e233c8#myft:notification:daily-email:content
‘I can do it’: Erdoğan promises Turkey more strongman medicine

News, analysis and comment from the Financial Times, the worldʼs leading global business publication

Financial Times
May 30, 2023 at 11:45amIvory for Mac